21/11/2014
Press Review
15:30 GMT, Friday, November 21, 2014
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Economy
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Politics
Reuters
► China surprises with interest rate cut to spur growth
China cut interest rates unexpectedly on Friday, stepping up efforts to
support the world's second-biggest economy as it heads towards its slowest
expansion in nearly a quarter of a century.
DW.DE
► Opinion: Revolution of dignity in Ukraine
The Ukrainians defeated an autocratic regime. They chose democracy and
want a constitutional state. But DW's Bernd Johann warns that this new
departure could be blocked by homegrown oligarchs and by Moscow.
BBC News
►Public borrowing at £7.7bn in October
Government borrowing fell to £7.7bn in October, official figures show, down
£0.2bn from a year earlier.
RTT News
► Lower House Of Japan's Parliament Dissolved
The Speaker of Japan's lower house of parliament, Bunmei Ibuki, on Friday
announced the dissolution of the House of Representatives, paving the way
for a general election in December.
►►► Currencies
►►► Markets
Investing.com
► EUR/USD drops, near 27-month lows on Draghi remarks
The euro dropped against the U.S. dollar on Friday, re-approaching 27month lows hit earlier in the month as comments by European Central
Bank President Mario Draghi weighed on the single currency.
Bloomberg
► European Stocks Jump as Draghi Repeats Inflation Pledge
Stocks in Europe climbed to an eight-week high as European Central Bank
President Mario Draghi reiterated his commitment to raising inflation as fast
as possible, and China cut interest rates.
FX Street
► USD/JPY hovering over 118.00
After bottoming out around 117.40 overnight, USD/JPY managed to pick
up pace and recover to the current vicinity of 118.00 the figure.
Market Watch
► Oil prices jump after China’s interest rate cut
Crude-oil futures made sizeable gains on Friday after the People’s Bank of
China announced a surprising swath of interest-rate cuts, indicating the
country is taking its economic slowdown seriously.
►►► Top Videos
►►► Opinions
Bloomberg
► China Interest-Rate Cut Is Good for Europe: DZ Bank CEO
China's first benchmark interest-rate cut since July 2012 is good for Europe
and Germany, according to Wolfgang Kirsch, chief executive officer of
Germany's DZ Bank AG.
Dan Steinbock
► Japan’s Third Lost Decade Begins
Japan’s recession is not paving the way for sustained growth. It is
prolonging new debt and liquidity and thus deteriorating fiscal discipline.
CNBC
► Draghi 'jawboning' rather than putting money to work
Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts
on EBC policy and Europe's economy. Also Ross discusses the sale of his
stake in the Bank of Ireland.
Gwynn Guilford
► China’s surprise rate cut shows how freaked out the government is by the
slowdown
Earlier today, the People’s Bank of China slashed the benchmark
lending rate by 40 basis points, to 5.6%, and pushed down the 12-month
deposit rate 25 basis points, to 2.75%.
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